HomeMy WebLinkAboutCC RES 07-015 RESOLUTION DECLARING THE COST TO BE ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT Meeting Sheet
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Box: 31
Folder: RES 2007
Document: CC RES 07-015 RESOLUTION DECLARING THE COST TO BE
ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT
• CITY OF ST. ANTHONY
RESOLUTION 07-015
A RESOLUTION DECLARING THE COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of:
1. 27`h Avenue N.E. from Stinson Boulevard to Coolidge Street.
2. Pahl Avenue from Roosevelt to Wilson Street.
3. Roosevelt Street N.E. north of 27`h Street.
4. Alleys between Roosevelt and Wilson Street; north and south of Pahl
Avenue.
5. Alley south of 271h Street from Stinson Boulevard to Wilson Street.
6. 390'Avenue N.E. from Silver Lake Road to Chandler Drive.
7. Chandler Drive from 391h Avenue N.E. to Foss Road.
8. Foss Road Lift Station.
9. Foss Road Lift Station forcemain from the lift station to Roseville.
10. Highcrest Drive Sidewalk and Lighting from 37`h Avenue to 33`d Avenue.
11. Old Highway 8 Sidewalk and Lighting from 33`d Avenue to 29`h Avenue.
and the bid price for such an improvement is $3,484,012.56, and the total cost of the
improvement will be approximately $4,450,000.00.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Anthony:
1. The portion of the cost of such improvement to be paid by the City is hereby
declared to be approximately $3,920,000.00, and the portion of the cost to be
assessed against benefited property owners is declared to be approximately
$530,000.00.
2. Assessments shall be payable in equal annual installments extending over a
period of 15 years,the first of the installments to be payable on or before the first
Monday in 2008, and shall bear interest at the rate of 2 percent(2%) above the
City's borrowing rate at the time the bonds are issued.
3. The Consulting Engineer shall forthwith calculate the proper amount to be
specially assessed for such improvement against every assessable lot, piece or
parcel of land within the district affected,without regard to cash valuation, as
provided by law,and the City Clerk shall file a copy of such proposed
assessment in the office for public inspection.
4. The City Clerk shall upon the completion of such proposed assessment, notify
the Council thereof.
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• Adopted this 9`" day of January,2007.
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ATTEST: ,
City Clerk
Reviewed for administration: A/
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